New York State may soon join the growing list of jurisdictions restricting or banning noncompete agreements. On June 7, 2023 the New York State Senate passed S 3100A (the “Bill”), which would prohibit employers from seeking, requiring, demanding, or accepting certain noncompete agreements.
Consider the following scenario that was the premise of the book Charlie and the Chocolate Factory (1964), and later adapted into the classic film Willy Wonka & the Chocolate Factory (1971): your company (Willy Wonka Chocolates) is in the candy business and develops an idea for an everlasting gobstopper (a sucking candy that never gets smaller). Anticipating substantial profits from the product, the company designates the everlasting gobstopper formula as a trade secret. As in the book and film, a rival chocolate company (Slugworth Chocolates) seeks to steal the trade secret ...
Blog Editors
Recent Updates
- Expanding the Reach of the DTSA: New Ruling Clarifies “Act in Furtherance” Requirement
- Florida Passes Employer-Friendly Restrictive Covenant Legislation
- Texas Amends Restrictive Covenant Laws for Healthcare Providers
- New Jersey Bill Would Introduce Sweeping Noncompete and No-Poach Restrictions: Strategic Implications for Employers
- New Jersey Non-Compete Laws: 2025 Update